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Berenberg Bank restated their hold rating on shares of Royal Mail (LON:RMG) in a research report report published on Friday, January 17th, Digital Look reports. Berenberg Bank currently has a GBX 240 ($3.16) price target on the stock.
A number of other research analysts have also recently commented on RMG. Societe Generale dropped their price target on Royal Mail from GBX 208 ($2.74) to GBX 200 ($2.63) and set a hold rating for the company in a research note on Wednesday, December 4th. Goldman Sachs Group reduced their price objective on Royal Mail from GBX 310 ($4.08) to GBX 300 ($3.95) and set a buy rating on the stock in a research report on Monday, November 25th. Sanford C. Bernstein downgraded Royal Mail to a market perform rating and lowered their price objective for the stock from GBX 250 ($3.29) to GBX 225 ($2.96) in a research report on Friday, November 29th. Barclays reaffirmed an overweight rating on shares of Royal Mail in a research note on Friday, January 10th. Finally, Deutsche Bank reiterated a sell rating on shares of Royal Mail in a research note on Friday, January 10th. Five analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company. Royal Mail currently has an average rating of Hold and an average target price of GBX 211.54 ($2.78).
Shares of Royal Mail stock traded down GBX 5 ($0.07) on Friday, reaching GBX 199.50 ($2.62). 1,469,178 shares of the stock were exchanged, compared to its average volume of 5,850,000. The firm’s 50 day moving average is GBX 225.74 and its 200-day moving average is GBX 216.24. Royal Mail has a one year low of GBX 186.80 ($2.46) and a one year high of GBX 308.50 ($4.06). The company has a debt-to-equity ratio of 32.69, a quick ratio of 0.74 and a current ratio of 0.76. The firm has a market cap of $2.00 billion and a PE ratio of 6.18.
The firm also recently announced a dividend, which was paid on Wednesday, January 15th. Investors of record on Thursday, December 5th were paid a GBX 7.50 ($0.10) dividend. The ex-dividend date was Thursday, December 5th. This represents a dividend yield of 3.78%. Royal Mail’s payout ratio is presently 0.74%.
In other Royal Mail news, insider Rico Back purchased 300,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 18th. The stock was bought at an average price of GBX 234 ($3.08) per share, with a total value of £702,000 ($923,441.20). In the last 90 days, insiders have purchased 300,128 shares of company stock worth $70,229,880.
Royal Mail Company Profile
Royal Mail plc, together with its subsidiaries, operates as an universal postal service provider in the United Kingdom, the United States, and other European countries. It offers parcels and letter delivery services under the Royal Mail and Parcelforce Worldwide brands. The company also provides services for the collection, sorting, and delivery of parcels and letters; and designs and produces stamps and philatelic items, as well as offers media and marketing mail services.
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